ComplianceEase's ComplianceAnalyzer with TRID Monitor Named One of PROGRESS in Lending's Top Innovations of 2017
Burlingame, Calif. - March 27, 2017 -
ComplianceEase®, the nation's leading provider of automated compliance solutions to the financial services industry,
announced today that its flagship compliance management platform, ComplianceAnalyzer® with TRID Monitor™, was named one of
PROGRESS in Lending's Top Innovations of 2017.
PROGRESS in Lending's Innovations Awards recognize seven innovations that have made a positive difference in the mortgage industry. Applications were scored on a weighted scale
based on the innovation's overall industry significance, originality, positive change, intangible efficiencies, and hard cost and time savings.
ComplianceAnalyzer with TRID Monitor was selected because it is the only solution available in the market designed for auditing multiple disclosures.
It can check for any changes in terms and fees throughout the origination and closing processes; audit tolerance across all disclosures and changed circumstances;
and track post-consummation disclosures, including those with a cure to the borrower. In addition, ComplianceAnalyzer with TRID Monitor improves lender efficiency
via its intelligent workflow that delivers compliance decisions in seconds, comprehensive loan-level reports supported by detailed regulatory and cure analyses,
exception tracking and reporting, and one-click delivery of loan portfolios to investors and regulators.
"ComplianceAnalyzer with TRID Monitor was designed to help the mortgage industry meet the challenges associated with TRID, such as disclosure timing, changed circumstances,
and fee tolerances across all disclosures," said John Vong, president of ComplianceEase. "We're honored to receive this award from PROGRESS in Lending because it acknowledges
my team for their hard work and dedication to improving compliance for the lenders we serve."
Winners were announced in a ceremony hosted by PROGRESS in Lending in Chicago on Sunday, March 26, 2017.
Headquartered in the Silicon Valley, ComplianceEase, a division of LogicEase Solutions Inc., is a leading provider
of risk management solutions to the financial services industry. ComplianceEase's patented platform includes
ComplianceAnalyzer®, the mortgage industry's most adopted automated compliance
solution with the most comprehensive TRID auditing. ComplianceEase combines regulatory expertise with innovative technology to power
end-to-end risk management solutions that help financial institutions improve compliance controls and increase profitability.
The company's growing client base includes financial institutions, service providers, law firms, GSEs, and three of the
top five mortgage lenders in the U.S. ComplianceEase's automated compliance solutions have also been adopted as e-Exam tools
by federal and state banking and mortgage regulators.
For more information, visit ComplianceEase.com or call 1.866.212.Ease(3273).